Bitcoin crashed within minutes to erase all the gains it made heading into the year 2020.The benchmark cryptocurrency plunged to $5,578 on Coinbase for the first time since May 2019. The move downhill led its market cap down by about 30 percent to $117 billion, logging one of the biggest declines ever recorded since its…
Bitcoin is declining and trading below the key $7,800 support against the US Dollar. BTC price could soon test the main $7,400-$7,500 support area where the bulls might take a stand.Bitcoin is extending losses and it may even slide below the $7,600 area against the US Dollar.The bulls are likely to take a strong stand…
Bitcoin (BTC) investors are heavily accumulating the cryptocurrency despite its ongoing downtrend, which could be a positive sign for the benchmark crypto’s macro outlook.This growth is elucidated while looking at the number of investors who hold over 1 BTC – commonly referred to as “wholecoiners” – which has been skyrocketing over the past several weeks.This…
It’s not a secret that Bitcoin hasn’t done well over the past few days and weeks; since the weekend’s $9,200 peak, the cryptocurrency has lost nearly 18%, and since the $10,600 peak in February, BTC has shed over 25%. In the process of this brutal move, hundreds of millions worth of leveraged positions have been…
According to technical analysis, the firm bull market that Bitcoin has found itself caught within throughout January and February has officially come to a close, as the benchmark crypto has now declined below a critical support level that was an integral part of its bullish market structure.One well-respected crypto-focused economist is now noting that the…
Bitcoin has been in a death spiral for the last two weeks, as concerns over the coronavirus continue to peak. The leading cryptocurrency by market cap has plummeted by over 20% in just two week’s time.But after such a violent decline in such a short period of time, last night’s daily close may have given…
The emerging asset class of cryptocurrency is new, unproven, not yet widely adopted, or even understood. It’s led to much confusion for investors especially when it comes to regulation and tax preparation.However, a new cryptocurrency-focused bull currently in front of Congress will “fundamentally restructure the way the United States treats cryptocurrency,” by grouping assets into…
Bitcoin is facing a crucial resistance near $8,200 against the US Dollar (as discussed yesterday). BTC price could trade in a range for a few sessions before the next move.Bitcoin is trading in a bearish zone below the $8,200 resistance area against the US Dollar.The bulls are putting up a fight to defend the $7,800…
Bitcoin (BTC) and the aggregated cryptocurrency markets have been trading sideways over the past day, with bulls’ attempt earlier today to recapture $8,000 proving to be fleeting due to an abundance of selling pressure within this price region.It now appears that big traders are anticipating Bitcoin to make a massive movement in the days ahead,…
The third Bitcoin halving cycle is rapidly coming to a close. The multi-billion-dollar question on the lips of many investors is whether price performances following past events will repeat.According to Google Trends, it looks like US interest in the event is actually waning with just weeks to go. Could this be a sign that perhaps…